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AN ORDINANCE FIXING AND ESTABLISHINGr THB AGGREGATE AMPUN OF LICENSE
FEES, CHARGES AND SPECIAL TAXES DUE FROM
THE MIDSOUTH GAS COMPANY, ITS SUCCESSO�,S A� 'iGNS, ON ACCOUNT OF ITS
GAS OPERATIONS IN SAID CITY, WHICH AMOUNT WILL BE USED BY THE CITY IN
LIEU OF ALL SUCH TAXES EXCEPTING AD VALOREM TAXES AND AUTOMOBILE
LICENSES, AND FOR OTHER PURPOSES.
WHEREAS, the MidSouth Gas Company (hereinafter scanetimes referred to
as the "Gas Company") is duly authorized by franchise ordinance
heretofore enacted to operate a gas distribution system and
appurtenances thereto, used in, or incident to, the rendition of gas
service to /,Z—,, ,ux ,^and the inhabitants thereof residing
in said City, and,
WHEREAS, the Midsouth Gas Company is now occupying the streets and
alleys of ,'Z ----, ��,% � , for the purpose of operating,
maintaining and ex ending its gas service to the City and the
inhabitants and consumers residing in said City, and is supplying to
the City and consumers therein gas service, and,
WHEREAS, the City is entitled to receive such just and reasonable taxes
from the Gas Company which the City may lawfully impose and the Gas
Company is entitled to pay.
NOW THEREFORE, Be it resolved by the Council of�
that;
Section 1. The Gas Company shall pay to i, Qiris,
the sum of -` annually, payable quarterly in advance, each
quarterly payment due and payable in January, April, July and October
each year. The tax as herein levied shall be in lieu of all special
taxes (excepting the general ad valorem taxes, automoble license fees,
and special millage taxes) which are now and might in the future be
imposed by//,under authority conferred upon the
City by law.
Section 2. Gas furnished to the City for its City Hall, Fire Station
and other uses shall be paid for by the City in accordance with the
applicable rate schedule of the Gas Company now on file and/or as they
may in the future be filed by the Gas Company and approved by the
Arkansas; Public Service Commission. Should any licenses, charges,
fees, impositions or taxes (excepting the general ad valorem taxes,
automobile license fees, and special millage taxes) be charged,
imposed or levied by/ in the future, then
in such event the obligation of the Gas Company set forth in Sectio':
1 hereof to pay the City the annual sum ofD shall
immediately terminate.
Section 3. Except as to chares to bomade by Gas Company for service
to City's Fire Station, City F�11 <-:nd o -Iter locations, nothing
herein shall be construed to alter or chane the terms or conditions
of the present franchise under which the Gas Company is operating.
Section 4. Nothing herein shall be construed to alter or change the
present rate schedule under which the Gas Company is now operating,
except by order of the :irkans as Public Service Commission or other
Ff
legally constituted bodies.
Section j, All other ordinances, nreements and parts of ordinances
and agreements in conflict with the provisions of this Ordinance
are hereby repealed,
Section 6. This Ordinance shall remain in effect for a term of
^) years and for successive periods of one year ea,. unless
and until cancelled not more than six (6) months nor less than
three (3) months prior to the expiration of the original term or
any anniversary thereof.
Section 7. Said Gas Company shall have thirty (30) days from and
after its passage and approval to file its written acceptance of
this Ordinance with the City Clerk and upon such acceptance being
filed, this Ordinance shall be considered as taking effect and
being in force from and after the first day of /
APPROVED TiiIS —D.iY OF %.`L��•
ATTEST:
C ITY
P�1�1YOR